As we enter the fourth quarter of this year, the market is showing a strong resurgence with rates increasing year-over-year. Notably, Capesize Brazil to North China rates have exceeded $20 per tonne. This significant upswing in the freight market’…
Capesizes This week the cape market has been marked by varying levels of activity and changing sentiments. At the beginning of the week, the Pacific market showed promise for owners, with support from East Coast Australia coal cargo contributing to a p…
Dry Bulk Market: Evolving Market Conditions Impact the Capesize Segment Read More »
The impact on dry bulk shipping demand is likely to be minimal as the bilateral relations between Canada and India crumbled to an all-time low. The political row between Canada and India escalated last week, with both countries taking diplomatic action…
Canada-India row: Navigating the downside risks to dry bulk? Read More »
The Brazilian iron ore market has improved during 2023, with exports on the rise, much to the delight of the dry bulk market. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been so far a positive year for global iron ore tra…
Brazil’s Iron Ore Exports on the Rise in 2023 Read More »
Throughout the last week of September, freight rates maintaining the strength observed in previous days. It appears that the third quarter will conclude with higher freight rates than those witnessed in the preceding two months. Notable increases were …